Weekly Analysis 8 th - 12 th Sept.

>> Saturday, September 6, 2008

The week was moderate. Not much of harm done.
Inflation cooling down from couple of weeks. But the poor global cues was the reason behind the colour red.
More over Crude had an intra day fall of over 8$. This was certainly a good news.
Experts predicting crude to trade range bounded.
Inflation is now not a key concern according to major economists.
The key factor to influence the market next week is "THE N DEAL".
Yesterday U.S Markets ended flat to negative. So on Monday it depends on how Asia opens.
Technically speaking NIFTY can see some support at 4200 and 4050 levels.
Inflation will not spoil the markets sentiments until Thursday.

Short term pick.
Buy Rajesh Export for target of Rs 58/- (1 Month)
Rajesh Export was given at Rs 45. CMP - Rs. 49.20

Book profits in Karuturi Global at Rs 28/- call given at Rs 22/- One month back. CMP - Rs 25/-

Happy Investing.

0 comments: